Corestate Capital Holding Sa · XETR:CCAP
Corestate Capital Holding Sa — Q1 2021 Earnings Presentation
11 slides from Corestate Capital Holding Sa's earnings presentation, May 19, 2021
Slide 1: Results Q1-2021
Results Q1-2021 Presentation – Conference Call for Analysts & Investors, 19 May 2021 René Parmantier, CEO | Lars Schnidrig, CFO | Dr. Kai Klinger, CMO
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that are Glossary subject to various risks and uncertainties. Such statements are € = Euro; based on a number of assumptions, estimates, projections or $ = (US)Dollar; plans that are inherently subject to significant risks, as well as
Slide 3: Highlights of Q1-2021
Highlights of Q1-2021 COVID-19 Third Wave Delays the Recovery of the RE Investment Market ▪ Pandemic-fostered seasonality impacts some pockets of operations in Q1 ▪ Well-filled project pipeline with clear path to a prosperous further course of the year ▪ HFS with promising rate of new business ▪ Rev
Slide 4: AuMs – Increase in Core Business and Attractive Sourcing Pipeline
AuMs – Increase in Core Business and Attractive Sourcing Pipeline Assets under Management Sourcing Pipeline ▪ c +1% net organic growth in RE AuMs after ▪ RE Debt mezzanine pipeline c € 500m revaluation effects (project volume > € 2bn) ▪ Planned decrease in non-RE AuMs (c € -100m) ▪ RE Equity sourcin
Slide 5: RE Debt – Stable Mezzanine Fund Volume and Unchanged Focus on Top Cities
RE Debt – Stable Mezzanine Fund Volume and Unchanged Focus on Top Cities with Increasing Project Sizes Uses of Mezzanine Funds at the End of Q1-2021 ▪ Total committed fund volume: c € 1.3bn ▪ # of financed projects: 48 ▪ Ø size of mezzanine financing: c € 27m ▪ c 70% in residential/city quarter proj
Slide 6: RE Debt – Successful Risk-Steering in Challenging Market
RE Debt – Successful Risk-Steering in Challenging Market Active Risk Management Fund Exposure to Top 5 Borrowers ▪ Further improvement of investment focus to Client Share Project Profile large cities (Germany’s Top 7) A c 18% Purely Resi & City Quarters in Top 7 ▪ 28 different borrowers B c 18% Pure
Slide 7: Income Lines Temporarily Impacted by Pandemic’s Third Wave
Income Lines Temporarily Impacted by Pandemic’s Third Wave Revenue Split-up for Q1-2021 in m€ (Q1-2020) RE Equity ▪ Comparison with pre-lockdown Q1-2020 2 (2) Acquisition & Sales Fees1) ▪ Typical seasonality even strengthened by the pandemic 17 (20) Asset and Property Mgt Fees ▪ Very stable in Core/
Slide 8: Expenses Show Adoption Costs
Expenses Show Adoption Costs Key P&L Figures Q1-2021 in m€ Q1-2021 Q1-2020 Aggr. revenues 37.3 51.7 ▪ Higher OpEx ratio in H1 operational driven by Expenses from RE Equity -22.3 -20.1 cautious transaction environment and underlying fix cost base Expenses from RE Debt -2.6 -1.8 ▪ In addition, augment
Slide 9: Key Balance Sheet Figures
Key Balance Sheet Figures Debt Overview at the End of Q1-2021 in m€ 612 63 ▪ Net debt reduction plan in time and on schedule Bank & other debt 120 − Significant reduction of short-term financial (incl. € 55m in 549 instruments (bridge lending) in 2021 warehousing debt) 118 short-term − Placements ou
Slide 10: Road to Guidance
Road to Guidance Main Drivers ▪ All in place for strong recovery of transaction markets and catch-up effects in the course of the year ▪ Positive impact from advanced product range, pipeline and new sales set-up ▪ HFS already showing substantial new business ▪ AFS closing in Q2 with impact of c € 16
Slide 11: IR Contact and Financial Calendar
IR Contact and Financial Calendar Investor Contact Financial Calendar 2021 Dr. Kai G. Klinger 24 February Publication preliminary results for FY 2020 Chief Markets Officer Phone: +49 69 3535630-106 24 March Annual financial report 2020 ir@corestate-capital.com 19 May Publication results for Q1 28 Ju
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